...pricing environment for on-line advertising, or paid-search pricing, has weakened in the current quarter, RBC Dominion Securities Inc. analyst Jordan Rohan and his team said in a research note to clients.
The analyst knocked his Google rating to "sector perform" from "top pick" and slashed his 12-month price target to $200 (U.S.) from $250.
Shares of Google fell $5.06 to $188.89 on the Nasdaq Stock Market yesterday after earlier dropping as low as $182.23.
No time for panic, but RBC is huge, and influential.
And "Sector Perform" - for Google? That's a big change in tune. Wonder if they know something us plebes don't.